Kyocera Corp. (KYO) Shares Gap Up to $48.35
Kyocera Corp. (NYSE:KYO) shares gapped up prior to trading on Friday . The stock had previously closed at $48.01, but opened at $48.35. Kyocera Corp. shares last traded at $49.02, with a volume of 10,532 shares trading hands.
Several analysts have issued reports on the stock. TheStreet upgraded shares of Kyocera Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 20th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Kyocera Corp. in a research report on Monday, April 18th. Finally, Zacks Investment Research lowered shares of Kyocera Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th.
The firm has a market capitalization of $17.98 billion and a price-to-earnings ratio of 19.40. The stock’s 50 day moving average is $48.05 and its 200-day moving average is $46.30.
An institutional investor recently raised its position in Kyocera Corp. stock. Dimensional Fund Advisors LP raised its stake in Kyocera Corp. (NYSE:KYO) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 132,771 shares of the company’s stock after buying an additional 900 shares during the period. Dimensional Fund Advisors LP’s holdings in Kyocera Corp. were worth $6,122,000 at the end of the most recent quarter.
KYOCERA CORPORATION mainly develops products for the information and communications market. The Fine Ceramic segment offers semiconductor and liquid crystal manufacturing equipment parts, and information communication parts. The Semiconductor Parts segment offers ceramic and optical communication packages.
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